SBP report – the fine print
At the outset a limitation of liability clause: the comments, data and extracts are from the State Bank of Pakistan's (SBP) publication, Annual Report, The State of Pakistan's Economy (the…
SBP governor’s press conference
On Mo-nday, the Gove-rnor of SBP, Dr Reza Baqir, held his first press conference and covered a range of issues related to monetary and exchange rate policies as well as…
Fixing SBP borrowings
Predictably, the Fund program has also focused on fixing the unbridled rise in government's borrowings from the central bank. For nearly three years, government has borrowed from the central bank…
SBP ‘autonomized’ or not!
The question of State Bank of Pakistan's (SBP) autonomy has periodically surfaced but usually only when the country is embarked on an International Monetary Fund (IMF) programme, as it is…
SBP projections for 2018-19
The SBP Annual Report on the State of the Economy in 2017-18 was released recently. This is a balanced and well-written review of the developments in 2017-18. The positive trend…
SBP autonomy and monetary policy – VI
The challenges facing the economy are deepening. As we pointed out last week, the main concerns of the central bank - government borrowing, policy rate and exchange rate - are…
SBP autonomy and monetary policy – V
IMF was not content with the establishment of Monetary Policy Committee (MPC) under the SBP (Amendment) Act, 2015. It was raising additional demands, which were pushed back by the Finance…
Where does the SBP stand?
July 5 was a turbulent day for the Pakistani rupee, which rupee depreciated against the dollar by 3.2 percent and traded at Rs108.25 to a dollar. The news came as…
The SBP report
The quarterly State Bank of Pakistan (SBP) report - July to September - on the economy reveals disturbing trends in key macroeconomic indicators though it remained largely optimistic about the…
SBP projections for 2016-17
The SBP Annual Review for 2015-16 has just been released. The Review presents a balanced assessment of the performance of the economy. It highlights the apparent success in indicators like…
